Ricoh Company, Ltd. announced that Shiro Kondo appointed as Chairman from the current position of President and Chief Executive Officer and Zenji Miura appointed as President and Chief Executive Officer from the current position of Deputy President and Chief Financial Officer of the company. Mr. Masamitsu Sakurai will resign as Chairman of the board and will be appointed as Executive Adviser as of April 1, 2013. Since Mr. Kondo became president of Ricoh in 2007, the company, under his leadership, has been fully engaged in creating customer value through expanding its business domain from office equipment to production printing and other new businesses including MDS and IT Services, while actively globalizing through strategic acquisitions.

At the same time, Ricoh was adversely affected by a series of major events such as the global financial crisis in 2008, the March 2011 Earthquake and Tsunami in Japan and the floods in Thailand the same year. Currently, Zenji Miura is General Manager of Americas Marketing Group since May 2012.